In a surprising twist, Bolt Food, the food delivery service, is set to make its exit from the Nigerian market on December 7, 2023. The decision, citing “business reasons,” marks the end of an era for Bolt Food enthusiasts in the region. Let’s unpack the details behind this unexpected departure. The Bolt Food Farewell: A … Read more
Togolese startup Gozem is set to acquire Moneex, a thriving fintech in Benin, unlocking new avenues in the digital landscape. Let’s dive into the details of this game-changing acquisition! The Power Play: Gozem’s Acquisition of Moneex The financial dynamics of this acquisition are kept under wraps, adding an element of intrigue to the strategic move. … Read more
In the ever-evolving landscape of cloud computing, businesses are presented with a myriad of options to meet their specific needs. Two prominent models, Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), offer distinct advantages, catering to different aspects of the technology stack. In this exploration, we delve into the fundamental differences between … Read more
In a celebration of its 5th edition, The Next Fintech Forum (NFF), the largest Fintech event in French-speaking Africa, is gearing up for an extraordinary gathering on November 16th and 17th at the Radisson Blu, Abidjan. This year’s theme, “Fintech and Commerce: How Fintech will shape commerce in Francophone Africa,” promises to unite key players … Read more
The Kosmos Innovation Center (KIC) has officially opened the call for applications for the 2024 AgriTech Challenge Pro program. The nominations will be accepted until November 24th, 2023, for a program supported by the Mastercard Foundation through the KIC and Mastercard Foundation partnership. The collaboration aims to empower the next generation of young leaders and … Read more
Egyptian healthcare startup Almouneer has hit the jackpot, raising a whopping $3.6 million in a seed round led by Global Ventures. The funding extravaganza, which also featured investors like Wrightwood Investments, Proparco, and Digital Africa through the Bridge funds, is set to catapult Almouneer into new horizons, including the vibrant healthcare landscape of Nigeria. Chronic … Read more
In a significant move, Injaro Investment Advisors, a Ghanaian private capital fund manager, has just dropped a cool $2 million in Zeepay Ghana’s Series A.5 funding round. Why is this a big deal? Let’s break it down. The Lowdown on Zeepay Since kicking off in 2014, Zeepay has been all about making cross-border payments a … Read more
Oracle is set to play a pivotal role in Rwanda’s technological advancement by establishing cloud computing infrastructure in the country. According to a report by the New Times, this initiative is scheduled to commence in June 2024, marking a significant step in Rwanda’s journey towards becoming a tech-driven hub in Africa. Partnership Announcement The partnership … Read more
Ecobank Ghana’s micro loans product, XpressLoan on MTN Mobile Money, has achieved a significant milestone, disbursing nearly US$600 million to 3.2 million Ghanaians. This digital financial success was disclosed by Elhanan Owureku Asare, a Senior Banker and Digital Transformation Specialist at Ecobank, during the FinTech Summit at the Mobile World Congress Africa 2023 in Rwanda. … Read more
Finnish Telecom Equipment Manufacturer Plans Job Cuts and Cost Reductions Nokia has announced plans to cut up to 14,000 jobs as part of its strategy to reduce costs in the face of challenging market conditions. The company reported a 20% drop in third-quarter sales, primarily attributed to weaker demand for 5G equipment. The challenging market … Read more